What does negative income tax mean?
Definitions for negative income tax
neg·a·tive in·come tax
This dictionary definitions page includes all the possible meanings, example usage and translations of the word negative income tax.
Wikidata
Negative income tax
In economics, a negative income tax is a progressive income tax system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government. Such a system has been discussed by economists but never fully implemented. It was developed by British politician Juliet Rhys-Williams in the 1940s and later by United States economist Milton Friedman. Negative income taxes can implement a basic income or supplement a guaranteed minimum income system. In a negative income tax system, people earning a certain income level would owe no taxes; those earning more than that would pay a proportion of their income above that level; and those below that level would receive a payment of a proportion of their shortfall, which is the amount their income falls below that level.
Numerology
Chaldean Numerology
The numerical value of negative income tax in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of negative income tax in Pythagorean Numerology is: 7
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"negative income tax." Definitions.net. STANDS4 LLC, 2024. Web. 11 May 2024. <https://www.definitions.net/definition/negative+income+tax>.
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